Deutsche Bank starts holding bitcoin and ether for big clients
Why it matters
If you run a fund or company treasury in Europe, you can now keep crypto with a big lender you may already bank with, instead of a crypto-only firm. Everyday customers are still left out.
Post to XThe short version
Germany's Deutsche Bank began looking after bitcoin, ether and three digital tokens designed to track the dollar or euro for business and investor clients on 11 November 2026, according to reports. The service is for companies and funds in Europe, not everyday customers. The bank first announced the plan in September.
Here's what happened. Deutsche Bank switched on its service for holding crypto on behalf of clients on 11 November, crypto.news and The Coin Republic reported. It covers 5 assets: bitcoin, ether and three stablecoins (tokens built to track a currency), USDC, EURC and EURAU.
It is only for clients of the bank's corporate and investment banking arms, such as companies, asset managers, hedge funds, brokers and sovereign institutions, according to the bank's September announcement. Retail customers are not included, and the bank said crypto held this way is not covered by deposit protection.
The bank registered under MiCA, the EU's crypto rulebook, on 12 October, both outlets reported. Clients get access through Autobahn, its corporate banking platform, and Swiss firm Taurus has worked with the bank on custody technology since 2023, according to the reports.
What's next? The reports say the bank plans to add Asian financial centres in 2027. It has not named its first clients or its fees.
Where this comes from
- Deutsche Bank to launch digital asset custody solution for institutional and corporate clients · Deutsche Bank
- Deutsche Bank launches crypto custody for Bitcoin, Ethereum, stablecoins · crypto.news
- Deutsche Bank Officially Launches Crypto Custody Services · The Coin Republic
- Deutsche Bank crypto custody goes live for institutional clients in Germany · The Cryptonomist
Written with AI from the sources above and checked against them before publishing. Here's how we work. This is news, not financial advice. Spotted a mistake? Tell us.